12/10/2024 | Press release | Distributed by Public on 12/10/2024 17:08
Washington, D.C. - Today, in response to a federal judge blocking the $25 billion Kroger-Albertsons grocery merger, U.S. Senator Elizabeth Warren (D-Mass.) released the following statement:
"If you shop at Kroger or Albertsons, the FTC just stopped your grocery prices from surging higher. Kroger has been jacking up your grocery bill already, and it would've been even worse if it merged with Albertsons in the biggest supermarket merger in U.S. history. FTC Chair Lina Khan is showing what it looks like for the government to work for working people."
Since Kroger and Albertsons proposed the merger, Senator Warren has expressed concerns about the deal. In October 2022, Senators Warren, Sanders, and Rep. Schakowsky wrote to the FTC urging the agency to reject the proposed merger, and in December 2023, Senator Warren sent a letter urging the Federal Trade Commission (FTC) to oppose the merger, regardless of the companies' ineffectual proposal to divest a limited number of stores.
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